--------------------------------------------------------------------- The Evening Bridge - June 22, 2005 --------------------------------------------------------------------- TOP STORY - TV One said it signed a long-term distribution deal with Time Warner. The Comcast-backed network, which targets African American adults, is slated to launch by the end of July in Time Warner Cable's Houston, Charlotte and Southwest Ohio divisions, which includes Cincinnati and Dayton. Other Time Warner Cable launches are expected by the end of the year, TV One said.
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The cable media center is using a Scientific- Atlanta network --- Reports said Qwest began talks Wednesday on a new contract for nearly 25,000 employees --- Liberty Media-backed Jupiter Telecommunications said it would offer high-speed Internet to its Japan customers --- Howard Stringer officially became chief executive of Sony after a shareholder vote. --------------------------------------------------------------------- What's New --------------------------------------------------------------------- This week's issue of The BRIDGE looks at the future at home networks. Why do market researchers see the home media center arena as an excellent bet for tomorrow? Don't miss it! Subscribe today at: http://www.mbc-thebridge.com/subscribe.cfm. --------------------------------------------------------------------- Analyze This --------------------------------------------------------------------- Richard Greenfield of Fulcrum Global Partners on Cablevision going private: "We are tempted to harvest our 'buy' rating - which is probably just what (Cablevision Chairman) Chuck Dolan wants us to do - however, we are maintaining our 'buy' rating for the following reasons: While our public trading target price on Cablevision has been $33, we continue to believe it is worth $35-$40 to a strategic buyer such as Time Warner or Comcast; It almost feels like Chuck Dolan is simply attempting to take Cablevision private so he can capture 100 percent of the sale premium to Time Warner or Comcast in 12 months, rather than the upside from his current 24 percent ownership; We believe it is hard to imagine the independent directors not pushing back on $33.50, given the underlying asset value of Cablevision." --------------------------------------------------------------------- PrimeTime Players --------------------------------------------------------------------- Close Pts. + % Chg 52-Week BLS 26.93 0.05 0.19 % 24.85 - 28.96 CVC 32.41 0.12 0.37 % 16.13 - 31.64 CHTR 1.22 0.08 7.02 % 0.88 - 4.06 CMCSA 31.95 - 0.29 - 0.90 % 26.25 - 34.50 CSGS 19.00 0.24 1.28 % 14.02 - 21.22 DTV 15.80 0.23 1.48 % 13.88 - 18.25 DISH 29.66 - 0.47 - 1.56 % 26.95 - 34.38 GMSTE 3.67 - 0.09 - 2.39 % 2.93 - 6.39 GE 35.72 - 0.43 - 1.19 % 31.42 - 37.75 ICCI 11.34 - 0.10 - 0.87 % 7.83 - 12.15 IACI 25.07 - 0.21 - 0.83 % 19.16 - 31.25 L 10.27 - 0.01 - 0.10 % 8.33 - 11.21 LBTYA 47.74 0.65 1.38 % 28.60 - 47.70 MCCC 7.06 0.06 0.86 % 5.06 - 8.22 MSFT 25.07 - 0.08 - 0.32 % 23.82 - 30.20 MOT 18.80 0.58 3.18 % 13.83 - 20.03 MBND 1.06 0.40 0.38 % 0.95 - 1.78 MWAV 1.11 0.01 0.91 % 0.85 - 2.78 NNDS 32.91 0.41 1.26 % 19.60 - 40.00 NWS 17.70 0.04 0.23 % 15.305 - 19.41 NXTL 32.27 - 0.01 - 0.03 % 21.18 - 32.89 OUTD 15.89 - 0.45 - 2.75 % 12.50 - 19.30 PAX 0.64 - 0.02 - 3.03 % 0.48 - 3.69 PIO 15.56 - 0.22 - 1.39 % 15.35 - 26.46 Q 3.64 - 0.04 - 1.09 % 2.56 - 4.86 SBC 23.78 - 0.09 - 0.38 % 22.78 - 27.29 SFA 33.43 0.06 0.18 % 24.61 - 35.59 SIRI 5.92 - 0.04 - 0.67 % 2.01 - 9.43 FON 24.97 - 0.02 - 0.08 % 16.83 - 25.80 TWX 17.50 0.00 0.00 % 15.41 - 19.90 TIVO 6.84 0.05 0.74 % 3.45 - 7.75 UCOMA 0.00 0.00 0.00 % 0. - 0. VZ 35.03 0.03 0.09 % 33.71 - 42.27 VIA 33.47 0.02 0.06 % 32.56 - 39.26 DIS 26.69 - 0.04 - 0.15 % 20.88 - 29.99 XMSR 33.74 0.50 1.50 % 22.43 - 40.89 ===================================================================== For all the industry critical news - see: The BRIDGE War Room - http://www.mbc-thebridge.com/research.cfm SkyREPORT - http://www.skyreport.com SkyRETAILER - http://www.skyretailer.com The BRIDGE - http://www.mbc-thebridge.com -------------------------------------------------------------------- -To modify your subscription to The Evening Bridge, visit http://www.mbc-thebridge.com/register.cfm We welcome your comments and suggestions. Contact the editor at [EMAIL PROTECTED] Data and information is provided for informational purposes only and is not intended for trading purposes. 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